Union Insurance Co Ltd
Union Insurance Co., Ltd. provides insurance products and services in Taiwan. It underwrites fire, marine, automobile, engineering, liability and accident, health, and other insurance products; and reinsurance products. The company was incorporated in 1963 and is headquartered in Taipei, Taiwan.
Union Insurance Co Ltd (2816) - Net Assets
Latest net assets as of September 2025: NT$7.58 Billion TWD
Based on the latest financial reports, Union Insurance Co Ltd (2816) has net assets worth NT$7.58 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$19.37 Billion) and total liabilities (NT$11.79 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$7.58 Billion |
| % of Total Assets | 39.13% |
| Annual Growth Rate | 11.47% |
| 5-Year Change | 25.1% |
| 10-Year Change | 107.62% |
| Growth Volatility | 14.64 |
Union Insurance Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Union Insurance Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Union Insurance Co Ltd (2007–2024)
The table below shows the annual net assets of Union Insurance Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$7.31 Billion | +19.90% |
| 2023-12-31 | NT$6.10 Billion | +26.97% |
| 2022-12-31 | NT$4.80 Billion | -25.41% |
| 2021-12-31 | NT$6.44 Billion | +10.17% |
| 2020-12-31 | NT$5.85 Billion | +7.46% |
| 2019-12-31 | NT$5.44 Billion | +11.94% |
| 2018-12-31 | NT$4.86 Billion | +12.03% |
| 2017-12-31 | NT$4.34 Billion | +19.51% |
| 2016-12-31 | NT$3.63 Billion | +3.06% |
| 2015-12-31 | NT$3.52 Billion | +0.65% |
| 2014-12-31 | NT$3.50 Billion | +13.37% |
| 2013-12-31 | NT$3.09 Billion | +42.99% |
| 2012-12-31 | NT$2.16 Billion | +13.31% |
| 2011-12-31 | NT$1.91 Billion | -0.60% |
| 2010-12-31 | NT$1.92 Billion | +19.71% |
| 2009-12-31 | NT$1.60 Billion | +32.83% |
| 2008-12-31 | NT$1.21 Billion | +4.37% |
| 2007-12-31 | NT$1.16 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Insurance Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 72657400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$726.57 Million | 9.93% |
| Common Stock | NT$2.24 Billion | 30.57% |
| Other Comprehensive Income | NT$4.35 Billion | 59.50% |
| Total Equity | NT$7.31 Billion | 100.00% |
Union Insurance Co Ltd Competitors by Market Cap
The table below lists competitors of Union Insurance Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scully Royalty Ltd
NYSE:SRL
|
$66.30 Million |
|
Asuransi Jiwa Sinarmas Msig PT
JK:LIFE
|
$66.31 Million |
|
EUROAPI SAS EO 1
F:940
|
$66.33 Million |
|
Adel Kalemcilik Ticaret ve Sanayi AS
IS:ADEL
|
$66.34 Million |
|
Lynch Group Holdings Ltd
AU:LGL
|
$66.28 Million |
|
Oconee Federal Financial Corp
OTCQX:OFED
|
$66.27 Million |
|
Alfa Holdings S.A
SA:RPAD3
|
$66.26 Million |
|
Gyldendal A/S
CO:GYLD-B
|
$66.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Insurance Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,100,647,000 to 7,314,976,000, a change of 1,214,329,000 (19.9%).
- Net income of 1,221,523,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 231,149,000.
- Other factors decreased equity by 238,343,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$1.22 Billion | +16.7% |
| Other Comprehensive Income | NT$231.15 Million | +3.16% |
| Other Changes | NT$-238.34 Million | -3.26% |
| Total Change | NT$- | 19.90% |
Book Value vs Market Value Analysis
This analysis compares Union Insurance Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.34x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$8.96 | NT$29.95 | x |
| 2010-12-31 | NT$8.83 | NT$29.95 | x |
| 2011-12-31 | NT$6.56 | NT$29.95 | x |
| 2012-12-31 | NT$9.66 | NT$29.95 | x |
| 2013-12-31 | NT$13.81 | NT$29.95 | x |
| 2014-12-31 | NT$15.63 | NT$29.95 | x |
| 2015-12-31 | NT$15.57 | NT$29.95 | x |
| 2016-12-31 | NT$16.09 | NT$29.95 | x |
| 2017-12-31 | NT$19.25 | NT$29.95 | x |
| 2018-12-31 | NT$21.59 | NT$29.95 | x |
| 2019-12-31 | NT$24.09 | NT$29.95 | x |
| 2020-12-31 | NT$25.95 | NT$29.95 | x |
| 2021-12-31 | NT$28.58 | NT$29.95 | x |
| 2022-12-31 | NT$21.49 | NT$29.95 | x |
| 2023-12-31 | NT$27.29 | NT$29.95 | x |
| 2024-12-31 | NT$32.59 | NT$29.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Insurance Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.09%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 3.18x
- Recent ROE (16.70%) is above the historical average (5.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -9.26% | -1.66% | 0.67x | 8.26x | NT$-308.43 Million |
| 2010 | -30.46% | -11.93% | 0.36x | 7.19x | NT$-775.69 Million |
| 2011 | 5.52% | 2.52% | 0.30x | 7.35x | NT$-85.40 Million |
| 2012 | 10.29% | 4.80% | 0.35x | 6.16x | NT$6.29 Million |
| 2013 | 16.77% | 10.44% | 0.35x | 4.59x | NT$209.07 Million |
| 2014 | 16.72% | 10.14% | 0.42x | 3.95x | NT$235.09 Million |
| 2015 | 7.49% | 4.46% | 0.41x | 4.14x | NT$-87.61 Million |
| 2016 | 6.06% | 3.46% | 0.41x | 4.28x | NT$-142.09 Million |
| 2017 | 15.38% | 9.16% | 0.44x | 3.78x | NT$232.02 Million |
| 2018 | 12.52% | 7.86% | 0.44x | 3.60x | NT$121.84 Million |
| 2019 | 12.99% | 8.71% | 0.46x | 3.25x | NT$162.00 Million |
| 2020 | 12.01% | 8.52% | 0.46x | 3.03x | NT$117.38 Million |
| 2021 | 10.81% | 7.91% | 0.46x | 2.95x | NT$52.49 Million |
| 2022 | -27.52% | -15.55% | 0.46x | 3.81x | NT$-1.80 Billion |
| 2023 | 19.68% | 11.79% | 0.51x | 3.27x | NT$590.28 Million |
| 2024 | 16.70% | 11.09% | 0.47x | 3.18x | NT$490.03 Million |
Industry Comparison
This section compares Union Insurance Co Ltd's net assets metrics with peer companies in the Insurance - Diversified industry.
No peer company data available for comparison.